Murray Goulburn increases milk price
Major milk processor Murray Goulburn has lifted its opening price for the 2017-18 season from $4.70/kg milk solids to $5.20/kg and increased its forecast range of prices for the season.
Bankers pitch for Murray Goulburn work
As Murray Goulburn gets set to publicly name the adviser it has called in to solve its woes, plenty of investment bankers are said to have been knocking on the company’s door offering possible solutions for the dairy processor’s problems. By: BRIDGET CARTER and SCOTT MURDOCH
Debt burden pushes Murray Goulburn farm milk price down
Murray Goulburn’s new chief executive Ari Mervis has warned that the dairy company’s financial pressures are worse than expected and a recent decision to close three plants was not enough to “move the business forward”. By: SUE NEALES
Dairy farmers facing lower prices from Murray Goulburn
Murray Goulburn’s precarious financial position was underlined yesterday when it laid down projected farm gate milk prices 5 per cent below market and opening prices below cost of production at some farms. By: JOHN DURIE
Fonterra accused of breaching new dairy code of conduct before it begins
Dairy giant Fonterra has been accused of breaching rules of a new code of conduct just over a month before it’s put in place. By Warwick Long.
NE Vic dairy industry will survive
Dairy has a strong future in the North East despite this week’s Kiewa factory closure announcement, says the region’s leading industry advocate. By JOHN CHANTER.
Aussie suppliers may jump ship to Fonterra
Fonterra stands to benefit from a potential exodus of farmer suppliers from Australia’s largest dairy processor. By Sudesh Kissun.
Dairy co-op Murray Goulburn to axe jobs and plants as milk industry crisis continues
The Australian giant is to shed up to 360 workers, close three processing facilities and suspend divident payments. By Miles Hadfield.
Incoming leader of dairy farmers lobby will draw on his background in crisis management
The Australian Dairy Farmers has a big task ahead rebuilding the relationships between suppliers and processors after Murray Goulburn’s disastrous mishandling of dairy farmers. By Sarina Locke.
Fonterra suppliers the forgotten farmers of the dairy crisis still struggling one year on
It has been one year since the forgotten farmers of the dairy crisis, those who supply Fonterra, learnt they would have their milk price cut too. By Warwick Long